there was a huge meeting today in new york city that brings together some of the biggest names in finance including alan greenspan, mary schapiro. the meeting sponsored by the american securities indus strind a sieve ma, talking about regulating their own and including one law they would like to keep. david: the ceo of sieve ma joins us. for all the talk about deregulation among the bush administration. we got dodd-frank and consumers financial bureau in the auspice of the federal reserve board and rules and regs. don't you feel instead of coordinating rules and regulations with very there is just one pile on one rule and one agency and one bureau on top of another? >> one speaker today described it as a bunch of bumper cars. remember as a kid, bumper cars, depending on what particular music park you went to went counterclockwise. there was always a core you went around. well they have taken out the core. you have agencies in bumper cars and randomly hitting into each other. it is not well-coordinated. the regulations are not really prioritized way they should be. not sequenced for implem